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20121108
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news conference, senate minority leader mitch mcconnell warned again that raising rates on high-income earners will have almost no effect on the deficit. but, he said, there is another way. >> republicans believe that there is a way to get additional revenue. we also believe that additional revenues should be tied to the only thing that will save the country in the long ru and that is reforming entitlements. >> sreenivasan: but the senate's democratic majority leader, harry reid, objected. he said if talking about entitlements means social security, democrats will never agree. >> social security is not part of the problem. that's one of the myths the republicans have tried to create. social security is sound for the next many years. but we want to make sure that in the outer years people are protected also, but it's not going to be part of the budget talks as far as i'm concerned. >> sreeniivasan: congressional leaders meet with the president later this week. wall street took a hit after the president's news conference. stocks fell on worries that the partisan divide on taxes wi
Search Results 0 to 4 of about 5 (some duplicates have been removed)